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  • #8,741
  • Feb 12, 2009 3:54am Feb 12, 2009 3:54am
Time to get ready for work again. I am currently in a long EUR USD from a bounce around 2830 on the 4 hour and short EUR CAD from around 1.6040. I wanted to get in early on a daily pin short on that one so I watched where it was going when it went upward and I saw some clear upper ceiling from the 15 minute time frame and took my chances on catching a big one.

EUR USD has a trailing stop of 25 and I'm set to get out with at least +5 on it if it rolls back (have to let it manage itself on my way to work). The EUR CAD is just set for break even trying to catch the big one.

No time to capture charts, have to beat traffic.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,742
  • Feb 12, 2009 4:17am Feb 12, 2009 4:17am
Anyone watching GBPUSD @ 1.4050-4070?
  • #8,743
  • Feb 12, 2009 6:31am Feb 12, 2009 6:31am
Many setups coming up start paying attention the charts
  • #8,744
  • Feb 12, 2009 6:45am Feb 12, 2009 6:45am
Quoting Thexder
Time to get ready for work again. I am currently in a long EUR USD from a bounce around 2830 on the 4 hour and short EUR CAD from around 1.6040. I wanted to get in early on a daily pin short on that one so I watched where it was going when it went upward and I saw some clear upper ceiling from the 15 minute time frame and took my chances on catching a big one.

EUR USD has a trailing stop of 25 and I'm set to get out with at least +5 on it if it rolls back (have to let it manage itself on my way to work). The EUR CAD is just set for break even...
EurCad has some of my favourite recent moves.
  • #8,745
  • Feb 12, 2009 6:55am Feb 12, 2009 6:55am
Quoting RedCabbage
EurCad has some of my favourite recent moves.
I'm at work now and my EUR USD got stopped for the +5 and the EUR CAD is sitting nicely in profit going sideways...much better than when it goes sideways just after entry and swings from red to break even. It officially broke the daily pin so the short bias is on and this is the kind of trade I like to get into...just like getting in to work early, beat the rush and sit back.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,746
  • Feb 12, 2009 7:08am Feb 12, 2009 7:08am
This is the daily setup I wanted to short and how I got in early
Attached Images
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,747
  • Feb 12, 2009 7:47am Feb 12, 2009 7:47am
My current trades ....

EURGPB short...
EURJPY Long
USDJPY Long
AUD/JPY Long.
USD/JPY long
  • #8,748
  • Feb 12, 2009 8:02am Feb 12, 2009 8:02am
Alright here are current trades pictures....previous post was still setting my orders so I was busy..

Trade 1
USDJPY

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 23 KB


Trade 2
EURGBP

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 22 KB


Trade 3
Audjpy

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 23 KB


Trade 4
EUR/JPY

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 26 KB


Trade 5
USDJPY

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 23 KB
  • #8,749
  • Feb 12, 2009 8:07am Feb 12, 2009 8:07am
Thanks Sherm. Appreciate your input and charts
  • #8,750
  • Feb 12, 2009 8:10am Feb 12, 2009 8:10am
Quoting Shermenator
My current trades ....

EURGPB short...
EURJPY Long
USDJPY Long
AUD/JPY Long.
USD/JPY long
Hey Sherm - How do you do it? Any advice for watching multiple charts and being able to keep up with them all? Would be interested in some others approach, especially if they have something more than just identifying your levels and setting alerts, as I'm having trouble watching 1-2 charts at this time.
  • #8,751
  • Feb 12, 2009 8:10am Feb 12, 2009 8:10am
Quoting Life of Pi_p
Thanks Sherm. Appreciate your input and charts
Cool np...lets see if I can show you guys how I would manage this trades if they go against me...might be a bitt hard but I will try....
  • #8,752
  • Feb 12, 2009 8:26am Feb 12, 2009 8:26am
Stop at break even on eurgbp first winner ....break even is like winning.....


Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 23 KB
  • #8,753
  • Feb 12, 2009 8:26am Feb 12, 2009 8:26am
That EUR CAD short finally took off and is now 130 in profit.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,754
  • Feb 12, 2009 8:31am Feb 12, 2009 8:31am
Quoting nyjetfan
Hey Sherm - How do you do it? Any advice for watching multiple charts and being able to keep up with them all? Would be interested in some others approach, especially if they have something more than just identifying your levels and setting alerts, as I'm having trouble watching 1-2 charts at this time.

Well I kind of just have all the charts open.....and then I skim around the charts and look for the major levels and once I see 2-5 pairs I really like I start concentraiting on those and simply not caring bout wht I miss on the other pairs...
  • #8,755
  • Feb 12, 2009 8:34am Feb 12, 2009 8:34am
I used to get mad when I'd scan the charts and see a huge bar running away from an area (a missed trade) but now it makes me happy because I start watching for where it's going and how it's reacting when it gets there so I can take it back the other direction.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,756
  • Feb 12, 2009 8:40am Feb 12, 2009 8:40am
Another winner break even is now locked....

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 27 KB
  • #8,757
  • Feb 12, 2009 8:58am Feb 12, 2009 8:58am
I have now taken profits and letting the rest get hit at break even ....

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 23 KB
  • #8,758
  • Feb 12, 2009 9:32am Feb 12, 2009 9:32am
Will take profits s price crawls up to resistance but already securing about 10 pips...

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 27 KB
  • #8,759
  • Feb 12, 2009 10:20am Feb 12, 2009 10:20am
EURGPB

Remainder of postion was taken out at break even I will sell it again if it goes up..once what matters is winning

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 22 KB
  • #8,760
  • Feb 12, 2009 11:06am Feb 12, 2009 11:06am
Alright All my trades are winners except my aud usd I m still in without locking break even....ll the other trdes have taken profits and stop at brek even....will show pictures in a moment
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